Loan Originations

Upstart, Like Its Customers, Remains Focused on Return to Growth 
Upstart, Like Its Customers, Remains Focused on Return to Growth 
May 07, 2024  |  Earnings

If you are in the business of providing loans, there will always be a demand for your product.  As for the customers that need to...

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Odessa Launches Originations Platform, Plans Auto Finance Suite
Odessa Launches Originations Platform, Plans Auto Finance Suite
April 24, 2024  |  Loans

Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto...

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LendingClub Promotes New Products to Offset Decline in Loan Originations
LendingClub Promotes New Products to Offset Decline in Loan Originations
October 25, 2023  |  Earnings

LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious. In response, the firm is promoting new products...

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SoFi Personal Loan Originations Leap 50%, Direct Deposit Gains Ground 
SoFi Personal Loan Originations Leap 50%, Direct Deposit Gains Ground 
January 30, 2023  |  Earnings

Demand for personal loans, direct deposit accounts and “cross-buy” opportunities boosted SoFi Technologies’ results despite macro headwinds.    Total deposits at SoFi Bank grew 46%...

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LendingClub: 11 Pct Of Personal Loans In ‘Skip-a-Pay’ Program
LendingClub: 11 Pct Of Personal Loans In ‘Skip-a-Pay’ Program
May 06, 2020  |  Earnings

LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away...

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OnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
OnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
February 11, 2020  |  Earnings

OnDeck fell short of expectations with its fourth-quarter earnings report on Tuesday (Feb. 11), and the financial services firm registered a decrease in loan origination volume. Chief...

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Simplification Serves LendingClub Well As It Pushes To Get Back To Profitability
Simplification Serves LendingClub Well As It Pushes To Get Back To Profitability
November 06, 2019  |  Earnings

The last few years have been an exciting ride for LendingClub watchers.  The firm went public in 2014 and had just managed its first quarter...

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Goldman Tightens Marcus Lending Reins
Goldman Tightens Marcus Lending Reins
October 08, 2018  |  Loans

Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data....

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